The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-09
CONDITION OF THE MARKETS
A Lack of New Features Causes Very
Dull Day in the Chicago Grain Pits.
Corn Continues to Absorb the Lions Share of
Attention, but Trading Is Limited-Wheat
q Trife Higher-Pr0visions Easier.
MONEY, BONDS AND STOCKS.
A Dull Day on the New York Exchange, AL
Active Stocks Being n Trife Weaker.

Dull Day on the New York Exchange, All
Active Stocks Being "a Trife Weaker.
NEW YORK, Aug 8-Money call was easy
ut 4a6 per cent, closing offered at Al
Prime mercantile paper. 81 76 per cent.
Sterling exchange was dull but steady at 81 81 !
Tor 60 days, and g. s3I for demand.
The total sales of stocks to-day were 24l 933
shares, including the following: Delaware,
Lackawsnna 81 Western. IL, 470; Lake Shore,
s65O; Erie, $500; Louisville g. Nashville $780,
Northwestern, II, BOG; Northern Pacific, 6,775;
Northern Pacific, preferred, 7,2l7; Reading,
10. 800; St Paul. As, $50; ST. Paul & Omaha,
5010; Union Pacific. 1885, Western Union,
Is, 7s0
The stock market was on the whole, dull to-
day, and in consequence of the general expecta-
ton OF important developments in the near fut
ure, this disposition generally shown to a
marked degree. There was considerable sell
Ing by Western operators, and reports from that
section were generally Of discouragine nature,
while London was doing very little There was
news of Importance, and the traders were
once more left in possession, and being gener-
ally of a bearish turn, hammered the market
vigorously at times. The anticipation or de-
velopments of q sensational character In the
Cincinnati Hamilton 81 Dayton investigation
was strong inducements to this course The
majority OF the active list were given
attention and marked down materially, though
Western Union and Reading were quito firm.
The Northern Pacifcs were again the promi-
nently weak spot. though 1t is believed that
much of the stock bought lately, not being
needed for election purposes, is coming down
upon the market Cincinnati. Hamilton 81
Dayton sold at 40. against 100 last Thursday,
and many rumors were circulated of the calling
of heavy loans on the stock. The opening was
quite irregular, though advances were in a ma
jority, and changes from Saturdays final figures
ranged up to only per cent either way There
some strength shown in the first half hour.
but il died away and material losses
were established in the first hour. After
that time the market became quite dull and
fractional recoveries were made all along the
line. but in the last hour the Northern Pacihcs
broke badly and the general list followed suit
The close quiet but weak at the lowest
prices of the day. Everything on the active list
is lower, and Northern Pacific preferred is down
q, the common and Union Pacific. Il; North
western, II; Canada Southern Lackawauna and
Michigan Central. l.
Railroad bonds were unusually dull; sales S617
0O0 Closing prices are somewhat irregularly
changed though higher in most cases. Alton &
Terre Haute division bonds 2. to A. Chesa-
peake & Ohio lost p. to- 104i: Peoria. Decatur 81
Evansville seconds, A. to 70; Mobile d Ohio first
debentures. 3, to A.
Government bonds were dull but firru
State bonds were neglected. Closing quota